Public-domain · open source
OpenJurist

Cal. Rev. & Tax. Code § 11521

Payment on Termination of Business and Successor’s Liability

Added by Stats. 1987, Ch. 498, Sec. 20.

If any person liable for any amount under this part sells his or her business or quits the business, the person’s successors or assigns shall withhold a sufficient amount of the purchase price to cover the amount due until the former owner produces a receipt from the board showing that it has been paid or a certificate stating that no amount is due.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.